Question
Data forSwifty Corporation, interior decorating, are presented as follows. Jan. 2Stockholders invested $18,949cash in the business in exchange for common stock.3Purchased used car for $10,359cash
Data forSwifty Corporation, interior decorating, are presented as follows.
Jan. 2Stockholders invested $18,949cash in the business in exchange for common stock.3Purchased used car for $10,359cash for use in the business.9Purchased supplies on account for $632.11Billed customers $2,274for services performed.16Paid $253cash for advertising.20Received $985cash from customers billed on January 11.23Paid creditor $379cash on balance owed.28Declared and paid a $632cash dividend.
Journalize the transactions.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started